Authorization and Terms of Bonds Sample Clauses
Authorization and Terms of Bonds. 13 (a) Authorization..................................... 13 (b)
Authorization and Terms of Bonds. (a) There is hereby authorized and created under this Indenture an issue of bonds designated as City of Forsyth, Montana, Pollution Control Revenue Refunding Bonds (Portland General Electric Company Project) Series 1998A. The total aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture is expressly limited to $97,800,000 exclusive of Bonds executed and authenticated as provided in Section 2.07 hereof; provided however, that no Bonds shall be delivered hereunder until the Trustee receives a request and authorization of the Issuer signed by the Executive Officer to authenticate and deliver the principal amount of the Bonds therein specified to the purchaser or purchasers therein identified upon payment to the Trustee, for the account of the Issuer, of the sum specified in such request and authorization.
(b) The Bonds shall be issued as registered Bonds, without coupons, in Authorized Denominations and shall all be dated as of the Issue Date. The Bonds shall mature, subject to prior redemption as provided in Article IV hereof, upon the terms and conditions hereinafter set forth, on the Maturity Date. The Bonds shall bear interest at the rate or rates determined as provided in Section 2.02 hereof.
(c) The Bonds shall be numbered consecutively from 1 upward. Each Bond shall bear interest from the Interest Payment Date next preceding the date of registration and authentication thereof unless it is registered and authenticated on or prior to the first Interest Payment Date, in which event it shall bear interest from the Issue Date; provided, however, that if, as shown by the records of the Paying Agent, interest on the Bonds shall be in default, Bonds issued in exchange for Bonds surrendered for registration of transfer or exchange shall bear interest from the last date to which interest has been paid in full or duly provided for on the Bonds, or, if no interest has been paid or duly provided for on the Bonds, from the Issue Date. Payment of the interest on any Bond shall be made to the person appearing on the bond registration books of the Registrar as the registered Owner thereof on the Record Date, such interest to be paid by the Paying Agent to such registered Owner, as follows:
(1) in respect of any Bond which is registered in the book-entry system pursuant to Section 2.10 hereof, in immediately available funds by no later than 2:30 p.m., New York City time, and
(2) in respect of any Bond which is not registered in the bo...
Authorization and Terms of Bonds. 13 Section 2.02 Execution of Bonds ...................................... 25 Section 2.03 Transfer and Exchange of Bonds .......................... 27 Section 2.04 Bond Register ........................................... 27 Section 2.05 Bonds Mutilated, Lost, Destroyed or Stolen .............. 27 Section 2.06 Disposition of Cancelled Bonds .......................... 28 Section 2.07 CUSIP Numbers ........................................... 28 Section 2.08 Other Obligations ....................................... 28 Section 2.09
Authorization and Terms of Bonds. (a) There is hereby authorized and created under this Indenture an issue of bonds designated as City of Forsyth, Montana, Pollution Control Revenue Refunding Bonds (Portland General Electric Company Project) Series 1998B. The total aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture is expressly limited to $21,000,000 exclusive of Bonds executed and authenticated as provided in Section 2.07 hereof; provided however, that no Bonds shall be delivered hereunder until the Trustee receives a request and authorization of the Issuer signed by the Executive Officer to authenticate and deliver the principal amount of the Bonds therein specified to the purchaser or purchasers therein identified upon payment to the Trustee, for the account of the Issuer, of the sum specified in such request and authorization.
Authorization and Terms of Bonds. Section 3.1. Principal Amount of Bonds; Designation of Bonds; Conditions to Delivery.
(a) Pursuant to the provisions of this Trust Agreement, there are hereby authorized to be issued one or more series of revenue bonds of the Corporation. Upon the execution and delivery hereof, there are hereby authorized an initial series of Bonds in the aggregate principal amount of $ to be designated “City of Greenville Public Facilities Corporation Taxable Installment Purchase Revenue Bonds, Series 2015.” Any subsequent Bonds issued on a parity with the Series 2015 Bonds shall be designated City of Greenville Public Facilities Corporation Installment Purchase Revenue Bonds with such further and other designation as may be necessary to identify such bonds.
(b) Upon the execution and delivery of this Trust Agreement, and satisfaction of the conditions for delivery of the Series 2015 Bonds established by this Trust Agreement, the Trustee shall execute and deliver the Series 2015 Bonds to, or to the order of, the purchaser thereof.
(c) Before the Trustee authenticates any of the Series 2015 Bonds, the Trustee shall have received a request and authorization from the City and the Corporation, signed on their behalf by a City Representative and a Corporation Representative, respectively, to authenticates the Series 2015 Bonds upon payment to the Trustee of the amount specified therein (including without limitation, any accrued interest), which amount shall be deposited as provided in Section 5.1 hereof. Executed copies of the following shall be submitted with the request:
(i) this Trust Agreement,
(ii) the Base Lease, and
(iii) the Facilities Agreement.
(d) The Series 2015 Bonds do not and shall not constitute a debt or pledge of the faith and credit of the City but shall constitute a limited obligation of the Corporation and shall be payable solely from the Revenues.
Authorization and Terms of Bonds. The Bonds, which shall be named as set forth herein or as otherwise set forth in the Indenture, are hereby approved and authorized to be issued, in one or more taxable or tax-exempt series, in an aggregate principal amount of not to exceed $125,000,000, to be dated, to mature (no later than 40 years after their date of issuance), to bear interest (not in any event to exceed 9% per year), to be subject to redemption, to be payable as to principal and interest, and with such other terms, all as provided in the final Indenture pursuant to which the Bonds are issued. The Bonds, when executed as provided in Section 5, shall be delivered to the Trustee for authentication by the Trustee. The Trustee is hereby requested and directed to authenticate the Bonds by executing the Trustee's Certificate of Authentication appearing thereon, and to deliver the Bonds, when duly executed and authenticated, to the purchaser or purchasers thereof in accordance with written instructions executed on behalf of the Issuer which any Authorized Officer, acting alone, is authorized and directed, for and on behalf of the Issuer, to execute and deliver to the Trustee. Such instructions shall provide for the delivery of the Bonds to the purchaser or purchasers thereof, upon payment of the purchase price thereof.
Authorization and Terms of Bonds. 18 2.2. Execution of Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 2.3. Transfer and Exchange of Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.4. Bond Register . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.5. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.6. Bonds Mutilated, Lost, Destroyed or Stolen . . . . . . . . . . . . . . . . . . . . . . . . 30 2.7. Disposition of Cancelled Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.8. CUSIP Numbers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Authorization and Terms of Bonds. SECTION 3.1. PRINCIPAL AMOUNT OF BONDS; DESIGNATION OF BONDS; CONDITIONS TO
Authorization and Terms of Bonds. For the purposes of 37 capitalizing interest on the Series 2020 A Bonds, funding the Reserve Account for the Series 38 2020 A Bonds, paying Costs of the Project not otherwise provided for, paying costs of issuance 39 of the Series 2020 A Bonds and related costs, or any or all of such purposes, as determined by 40 the Supplemental Resolution, there shall be and hereby are authorized to be issued the Series 41 2020 A Bonds of the City. The Series 2020 A Bonds shall be issued in one or more series as set 42 forth in the Supplemental Resolution, designated as “Sewerage System Revenue Bonds”, in an 43 aggregate principal amount of not more than $16,000,000. The Series 2020 A Bonds shall be 44 issued in such principal amounts, shall have the series designation, shall be dated as of the date 45 of delivery thereof, shall bear interest at such rate or rates, not exceeding the then legal 46 maximum rate, and shall mature at such times and in such amounts as shall be set forth in the 1 Supplemental Resolution. The repayment of principal and interest on the Series 2020 A Bonds 2 shall be as set forth in the Supplemental Resolution. The Series 2020 A Bonds shall contain 3 such other terms, provisions, conditions and limitations, all as provided by this Ordinance and as 4 the Council of the City shall prescribe by resolution (or by supplemental or amendatory 5 ordinance of said Council as said Council shall determine) adopted in connection with the sale of 6 such Bonds. 8 If the Series 2020 A Bonds are sold to the Authority, they shall be payable as to 9 principal at the office of the Paying Agent in any coin or currency which, on the dates of 10 payment of principal is legal tender for the payment of public or private debts under the laws of 11 the United States of America. Interest on the Series 2020 A Bonds shall be paid by check or 12 draft mailed to the registered owner thereof at the address as it appears on the books of the Bond 13 Registrar. 15 Each series of Series 2020 A Bonds shall be issued in fully registered form, in 16 such denominations and shall have such terms as set forth in the Supplemental Resolution. The
Authorization and Terms of Bonds. Amount, Form and Issuance of Bonds................................................................. 14 SECTION 2.02 Designation, Denominations, Maturity, Dated Dates, Interest Accrual and Tender..................... 14 SECTION 2.03 Weekly Rate........................................................................................ 15 SECTION 2.04 Term Rate.......................................................................................... 16 SECTION 2.05 Conversion at Option of Borrower................................................................... 17 SECTION 2.06 Execution and Authentication of Bonds.............................................................. 18 SECTION 2.07 Source of Payment of Bonds......................................................................... 18 SECTION 2.08 Payment and Ownership of Bonds..................................................................... 18 SECTION 2.09 Registration, Transfer and Exchange of Bonds....................................................... 19 SECTION 2.10 Mutilated, Lost, Wrongfully Taken or Destroyed Bonds............................................... 20 SECTION 2.11